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Hangover Opportunity Fund Ends Hold on 66K-SF Office Campus
Hangover Opportunity Fund LLC sold a 66,885-square-foot office campus in Irving, TX to TPS Realty LLC. The property on Campus Circle East will be headquarters for an unnamed oil and gas company. The sales price was undisclosed. Matt Hurlbut of Transwestern represented the seller. Zack Stevens of NAI Robert Lynn negotiated for the buyer.
The campus consists of three single-story brick structures situated on 4.6 acres at 6301, 6321 and 6341 Campus Circle Dr. E. near SH 114 and President George Bush Turnpike. The oil and gas company will take 6321 Campus Circle E., and lease the other two Class B buildings.
The seller acquired the property in November 2013 from a lender as a value-add investment, then invested $350,000 in improvements. “There is not a lot of opportunity for owner/occupants in this submarket for buildings in this size point,” said Clint Holland, with SkyWalker Property Partners, the fund’s manager.
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- ◦Sale/Acquisition
